Price Effect: Separation of Income and Substitution Effects : A change in the price of a commodity, say X, other things remaining the same, causes a ...

Total Variable Costs (TVC) is incurred on variable factors and it varies with the level of output. If the output is zero, TVC is zero and as output increases, ...

Perfect competition is a market situation in which there area large number of buyers and sellers, firms sell a homogeneous product and there is free entry and ...

Natural resources like land, water, soil, minerals, etc., are limited and precious and therefore should be used more efficiently. Let us discuss about the use ...

The waste resources need to go waste, they can be used. The process of revising these waste minerals is known as recycling. Scraps and fused metals are ...

There is a need to carefully plan and manage these resources so that these do not get totally exhausted. Land Use Planning and Management: Proper concern ...

Agriculture in India is not only here chief occupation, but a Way of life. The farmers in India. are poor and hence unable to give maximum input to their land ...

In India, about 20,000 plant species exist, of these many are cultivated in India. These include cotton, jute, spinach, spices, etc. when it comes to animals, ...

Fertilizers play an important role in the growth of the crops. Following points are kept in mind while using the fertilizers: The need of the crop tells the ...

Milk: Presently we have half a million good dairy cows and 25 million buffaloes that yield 1000-1500 liters of milk per lactation. Cross-breeds yielding ...